ASHISH
21 March 2017 at 11:01

Itr form

I HAVE TUTION INCOME OF 1.5 LAKH AND CAPITAL GAIN INCOME FROM SHARES
AND INTEREST INCOME
WHICH ITR FORM IS APPLICABLE



Anonymous
21 March 2017 at 10:58

Capital gain

My Query is in relation sale of commercial house property by 2 co-owners. At the time of purchase of the said property, the ratio of share is silent. so the contribution is 98 : 2. Now, the sales value is contributed equally 50:50 and TDS on Purchase of property is also booked by the purchaser 50:50. Other details:
Sales consideration is 1.35 cr FY 2016-17 indexation is 1125
Transfer expenses: 7 lakhs
Purchase value : 61 lacs in the year 2007-08 indexation is 551 ( Contribution at the time of purchase by 1st Owner is 60 lacs and 2nd owner is 1 lacs
if i calculation overall, there is loss, but if i calculation as per ratio of purchase i.e. 98:2, the 2nd owner has long term capital gain and 1st co-owner has long term capital loss.
please help and guide.
Thanks in advance :)


Venkatesh Dangeti
21 March 2017 at 10:52

Managing director

Director name(s) should be entered mandatorily under “Board of directors”. Mention different appointments as a sub-article E.g. (a) – Managing Director, (b) – Director Names etc. as per SPICe AOA help.

Board of Directors
The first Directors of the Company shall be:-
(a) Managing Director
1.venkatesh
(b) Directors
1.Vijay.
2.Uday Kumar

is it correct manner??


ASHISH
21 March 2017 at 08:54

Books for tution income

I RUN SMALL HOME TUTIONS WHICH ARE ABOUT ONE LAKH IN WHOLE YEAR
ARE ANY RECORDS OR BOOKS REQUIRED TO BE MAINTAINED FOR SUCH SMALL BUSINESS



Anonymous

can huf submit itr-4s for business income? PLEASE URGENT REPLY.


Deep Garg
21 March 2017 at 00:05

Regarding software purchase expenses

Dear Respected Members

Please tell software purchase expanses like accounts software billing software and antivirus software comes under which head as asset or indirect expanses if asset then it comes under depreciation mean what account head it should open and how its expenses are claimed in business and how its annual registration claims


Deep Garg
21 March 2017 at 00:03

Regarding software purchase expenses

Dear Respected Members

Please tell software purchase expanses like accounts software billing software and antivirus software comes under which head as asset or indirect expanses if asset then it comes under depreciation mean what account head it should open and how its expenses are claimed in business and how its annual registration claims


Pabitra Roy
20 March 2017 at 23:50

Itr form selection

My Tds deducted as per section 194C, Please suggest me which ITR Form may I Fill-up ?

Thanking You.


Deep Garg
20 March 2017 at 22:23

Cash expenditure of 10000

Dear Respected Members

Please tell is salary above 10000 can paid in cash or not in fy 2017-18 or not
And if not then please also tell if a employee salary is 15000 can we give him 5000 as cheque and rest 10000 in cash or it should fully in cheque


Kunal Shah
20 March 2017 at 22:15

AS - 2 Valuation Of Inventories

A company have received Rebate from Foreign party which can be utilised only for purchase of Inventory. This company is receiving goods on commercial Invoice from foreign party. The cost of goods purchase is mentioned in the Invoice but for this no money have to be paid only rebate income will be utilised. Whether This should be valued at cost mentioned in the invoice or at Nil as per AS 2 ???





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